The one reason that trumps all other reasons why traders lose
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Thread: The one reason that trumps all other reasons why traders lose

  1. #1

    The one reason that trumps all other reasons why traders lose

    Some say it's improper risk/reward ratio, not letting winners ride, more than trading, starting using too little of an account, distractions, not having the right system, perhaps not doing enough homework, not keeping a journal, using scared money and all them are correct. However, none of them encompass the picture! I've heard every reason potential in my 17 years trading online. Not 1 person to my knowledge has ever mentioned the 1 thing all Market Wizards and Pros who are around year after year, the 1 thing that they have and use that 99.7% of us do not. GUESS WHAT THE 1 THING IS? I won't reveal it as I wish to find out who is serious about learning what it's until someone guesses it. Meanwhile let us have fun looking at all the answers that pile up each day on this thread. Maybe one of you may develop even a much better answer than mine. Do It! We're all here to learn. Maybe this thread will become infinite with all kinds of excellent answers. However, what's mine???

    Hint: I will give hints every so often if nobody is getting shut. Remember I am talking about experts who can depend to nourish their loved ones in up, down and sideways markets, not guys who got lucky in 1 bull market run that lasted!

  2. #2
    Quote Originally Posted by ;
    Some say it's improper risk/reward ratio, not allowing winners ride, over trading, starting with too small of an account, distractions, not having the ideal system, not doing enough homework, not maintaining a diary, using fearful money and all of them are correct. But none of them encompass the whole picture! I have heard every reason potential in my 17 years trading on the Internet. Not 1 person to my knowledge has mentioned the 1 thing Market Wizards and Pros That Are around year after year, the 1 thing they have and utilize that 99.7%...
    God have mercy on the man
    Who doubts what he's sure of

  3. #3
    Quote Originally Posted by ;
    quote I think you could of missed the word empirical from my prior post. I like your black and white mentality, coping in the others like wealthy or bad, right or wrong, have and haven't.... And the rest. I personally discovered success. Good luck to you.
    I appreciate the goodwill. Luck comes to those who do the ideal thing at the ideal time that is do what your system tells you to when it is providing you the lights, sit on your hands.

    Empirically I'm seeing progress, clearing the mental cobwebs away and I had'soon close the profit difference of my system.

  4. #4
    Quote Originally Posted by ;
    quote I appreciate the goodwill. Luck comes to those who do the right thing at the right time that's sit on your hands as it is providing you the lights and do what your system tells you to. Empirically I'm seeing progress, clearing the cobwebs off and I'd'shortly close the profit difference of my system.
    There's a very fine line between chance and good analysis One thing Mark Douglas put well was anything can happen, when you believe you are right, you are probably not appropriate for the reasons you thought so don't get caught up in right or wrong

  5. #5
    Quote Originally Posted by ;
    http://en.wikipedia.org/wiki/Gambler's_ruin: a gambler having finite wealth, playing a reasonable game (that is, each wager has expected value zero to both sides) will finally go broke against a competition with boundless wealth.
    1

    And THE SPREAD

  6. #6
    The one reason that trumps the other explanations for why traders lose?

    #9658; Refusing to lose money by not taking the reduction once the trade is going wrong.

  7. #7
    Many traders fail to comprehend Market Condition because the framework within which trading occurs. TA only looks at part of the issue, price. Auction Market Analysis (FX is a double 2-way auction market) uses value as the primary factor. Worth is the factor in markets. Demand drives worth. Demand is revealed by change in value. Read a market's worth path and you may make reasoned and reasonable trading choices. Price and value are only loosely related. Price traces the action, but worth reveals the significance of this action. Time is the arbiter of significance....

    Forgot to include that most traders only have an attention span of a 132 personality Text box....that makes it very difficult for them to learn to think outside the box.

  8. #8
    Quote Originally Posted by ;
    ... Time is the arbiter of value....
    ”The two most powerful warriors are patience and time.”
    #8213; Leo Tolstoy

  9. #9
    Silat. You disappoint me. You can't start a thread and not finish it.

  10. #10
    Quote Originally Posted by ;
    Silat. I am disappointed by you. You can't start a thread like this and not complete it.
    1

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